Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 25, 2022.
Trinity Securities has given a “BUY” recommendation on SCB X Public Company Limited (SET: SCB) with a target price at ฿144.00/share.
Trinity Securities stated that the management in an analyst meeting expected 5-year CAGR to increase 10% with cost/income ratio to decrease to mid-to-high 30s and increase ROE to low 10s. The company would focus on digital space through its subsidiaries such as CardX, AutoX, InnovestX, Robinhood etc.
Trinity Securities expected the company to report 11.4% growth in 2022 at THB39,672 million as 9M65 net profit was 77% of its whole-year estimate. Provisions should remain stable QoQ in 4Q22, while interest income should increase due to seasonality, but operating expenses would increase as well, resulting in a possibility of slower net profit QoQ.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on SISB Public Company Limited (SET: SISB) with a target price at ฿21.20/share.
FSS raised its target price of SISB to THB21.20 per share, expecting the 3Q22 net profit to jump (+16% Q-Q, +98% Y-Y) and hit a new high. Also, the earnings would get even higher in 4Q22 due to the full-quarter realization of new school fees and continuously higher and above-estimate students.
FSS raised its 2022E profit growth by 6% to +68% Y-Y and 2023 estimate by 16% to +42% Y-Y to incorporate a change in the depreciation of its two new buildings from 10-15 to 50 years to reflect their actual useful life. SISB has support at Bt18.6//18 and resistance at Bt19//20.
